With the start of October, the Crypto Assets market is facing new opportunities and challenges. The potential risk of a government shutdown in the United States is worth following, as it may affect the release of non-farm payroll data. However, the latest statements from the Fed indicate that the release of data is unlikely to be affected. This week, the market is expected to continue to fluctuate widely, and investors should closely follow the collective statements of Fed officials.

From a macro perspective, the non-farm data in October may show a dovish trend, and the interest rate cut cycle may continue. In this case, investors should shift their attention from small crypto assets to mainstream crypto assets like Bitcoin. Before the overall market liquidity is fully released, investments in small crypto assets should be made with caution to prevent being affected by sudden actions of market manipulators.

From a technical analysis perspective, the daily MACD indicator for Bitcoin has returned above the zero axis, and the previously formed support range of $107,200 to $108,800 remains effective. This indicates that the current market is not the end of the bull market, but rather a normal adjustment in the mid-term of the bull market. It is worth noting that this round of the bull market is highly similar to the trend in 2021, also led by tech stocks. Therefore, October and November may become the highlights of the bull market. Historical data shows that almost no small crypto assets can surpass Bitcoin in annual return rates.

During market fluctuations, it is recommended that investors primarily follow short-term swing trading. It is advisable to gradually build long positions at lower levels while also considering short selling near resistance levels. For investors with lower risk tolerance, it is suggested to avoid excessive positions.

Specifically for Bitcoin, it can be considered to buy in batches in the range of $110,000 to $112,000. The short-term target price is around $114,500, the medium-term target can look towards the range of $117,500 to $119,500, and the long-term target may reach $130,000.

Overall, the cryptocurrency market in October will be full of opportunities and challenges. Investors need to closely follow policy changes, market sentiment, and technical indicators, and flexibly adjust their investment strategies to respond to potential market fluctuations.